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<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/xrp-airdrop-frenzy-investors-brace-for-rewards-amidst-xrp-burning-craze/">XRP Airdrop Frenzy: Here’s How to Claim Your Free XRP+ Tokens</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The topic of <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> burning has gained considerable traction within the crypto community, particularly in light of recent developments surrounding Xahau, an upcoming smart contract sidechain designed for the <a href="https://coinpedia.org/crypto-live-news/ripple-talks-with-new-zealand-for-cbdc-on-xrpl/">XRP Ledger (XRPL)</a> ecosystem. </p> 
<p>XRP+ serves as the native token for the Xahau network, and users have the opportunity to obtain it through the Burn2Mint (B2M) portal. This portal facilitates the process of burning XRP tokens on the mainnet, in turn, granting users an equivalent amount of XRP+ tokens on the Xahau network.</p> 
<h2 id="upcoming-evrs-airdrop" data-name="upcoming-evrs-airdrop" class="wp-block-heading">Upcoming EVRS Airdrop </h2> 
<p>Recently, XRP holders underwent a snapshot of their account balances in preparation for the impending EVRS airdrop. Evernode, the organization behind this initiative, intends to distribute a staggering 5,160,960 Evers to eligible XRP holders. However, there has been some confusion within the XRP community regarding the necessity of burning XRP to participate in the airdrop.</p> 
<p>To clarify the situation, Evernode founder Scott Chamberlain <a href="https://twitter.com/scotty2ten/status/1698484140285305168?s=20">explained</a> that there is no requirement to burn or move XRP to claim the Evernode airdrop. Cloning an r-address on Xahau provides users with sufficient free Xahau XRP to open an account and set a trust line, eliminating the need to burn or transfer any XRP.&nbsp;</p> 
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   <p lang="en" dir="ltr">You won’t have to burn any xrp to claim the evernode airdrop. Cloning your r-address on Xahau will give you enough free Xahau XRP to open the account and set a trustline. You need to neither burn nor move any xrp to claim.</p>— Scott Chamberlain | 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@scotty2ten) <a href="https://twitter.com/scotty2ten/status/1698484140285305168?ref_src=twsrc%5Etfw">September 3, 2023</a>
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<p>Moreover, when users engage in the cloning process, they receive two Xahau XRP tokens. These tokens cover the account reserve (one Xahau XRP) and five ledger objects like trust lines (0.2 Xahau XRP). This clarification aims to dispel any misunderstandings within the XRP community and ensure a seamless airdrop process.</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/xrp-price-prediction-sec-expert-marc-fagel-explains-ripple-case-as-people-discuss-xrp-hitting-10/">Can XRP Reach $10? The XRP Community is Divided!</a></p> 
<h2 id="is-xrp-is-a-trap" data-name="is-xrp-is-a-trap" class="wp-block-heading"><strong>Is XRP+ is A Trap?&nbsp;</strong></h2> 
<p>Crypto expert Jack The Ripple cautions against burning XRP for XRP+ tokens, emphasizing that central banks and institutions are likely to use XRP rather than XRP+. It’s essential not to be misled by this distinction.</p> 
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   <p lang="en" dir="ltr">There is only <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a>. Don't burn your XRPs for XRP+<br><br>They will take your XRPs and you will get XRP+<br><br>Central Banks and institutions are going to use XRP and not XRP+<br><br>DON'T BE FOOLED FOLKS! <a href="https://t.co/mNKFoG4FHW">pic.twitter.com/mNKFoG4FHW</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1698510877933162630?ref_src=twsrc%5Etfw">September 4, 2023</a>
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<p>However, the question arises: why might individuals consider exchanging some XRP for XRP+ on the Xahau network? Experts suggest that doing so is necessary to utilize the network for various purposes, such as maintaining an active account and conducting transactions. The amount of XRP to exchange depends on your intentions, whether you are learning, exploring, or taking calculated risks.</p> 
<p>Many analysts advise against purchasing XRP+ solely for speculative purposes and instead advocate using it for practical applications. In summary, it is recommended to use XRP on Xahau if you have specific plans for its utilization; otherwise, sticking to the mainnet is a sound choice.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripples-backing-cannot-propel-xrp-price-warn-experts/">Don’t Count on Ripple to Make You Rich: Experts on XRP’s Price</a></p> 
<p>It’s crucial to bear in mind that as the value of XRP increases, the rate of burning decreases. Some enthusiasts even speculate that XRP could potentially reach a value of $100 per token in the future, further adding intrigue to the XRP+ and Xahau ecosystem.</p> 
<p><strong>Are you planning to participate in the Evernode airdrop? Let us know</strong>!</p>

XRP Airdrop Frenzy: Here’s How to Claim Your Free XRP+ Tokens

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